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Capital in the Twenty-First Century
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I Must Enter a Username Away
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Post: #1
Capital in the Twenty-First Century

Trar mentioned this book by French economist, Thomas Piketty, to me.
I'm wondering what your opinions on it are.
Obviously, leftists didn't like it.
http://www.revleft.com/vb/man-just-disco...index.html
http://www.revleft.com/vb/capital-twenty...l?t=187909
05-13-2014 12:56 PM
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thewake Offline
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Capital in the Twenty-First Century

Far, far leftists don't like it. More moderate leftists, however, seem to like it a lot.
Salon seems to love it: http://www.salon.com/2014/05/11/the_prob...t_forgets/

Although I of course haven't read Piketty's book, I think economist Tyler Cowen wrote a good review of it here: http://www.foreignaffairs.com/articles/1...punishment

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05-13-2014 02:15 PM
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I Must Enter a Username Away
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RE: Capital in the Twenty-First Century

(05-13-2014 02:15 PM)W Kuts Wrote:  Far, far leftists don't like it. More moderate leftists, however, seem to like it a lot.
Salon seems to love it: http://www.salon.com/2014/05/11/the_prob...t_forgets/

Although I of course haven't read Piketty's book, I think economist Tyler Cowen wrote a good review of it here: http://www.foreignaffairs.com/articles/1...punishment

I never would have known that social democrats exist if it wasn't for this post.
05-14-2014 10:12 AM
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brainiac3397 Offline
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Capital in the Twenty-First Century

Wut? Really?

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(06-14-2013 08:02 AM)Potato Wrote:  watch the fuq out, we've got an "intellectual" over here.

Hidden stuff:
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05-14-2014 10:43 AM
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Trar Away
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RE: Capital in the Twenty-First Century

(05-13-2014 02:15 PM)W Kuts Wrote:  Far, far leftists don't like it. More moderate leftists, however, seem to like it a lot.
Salon seems to love it: http://www.salon.com/2014/05/11/the_prob...t_forgets/

Although I of course haven't read Piketty's book, I think economist Tyler Cowen wrote a good review of it here: http://www.foreignaffairs.com/articles/1...punishment

I literally just read that Salon article about 2 hours ago and it was actually rather critical of Piketty. According to the article, he had much less knowledge of American political and economic history than he did comparable European history. This added up to an uninformed commentary about the greatest capitalistic nation in human history, and this led to impractical solutions to the problem he outlines. A global wealth tax initially sounded good to me in theory when I first heard of it (and it was the same with others), but I think we can both agree that it would be entirely too unwieldy and intrusive.

(The Salon article suggests strengthening unions as an alternative option, and although unions were far from perfect in their heyday (and I will never claim them to be always 100% just and good), it would give the little guy more of an edge again. Which is just and good.)

True, I can recall a couple Salon articles and writers that praised Piketty (at least I assume there are a couple, and I've definitely seen at least one or two). Which is only natural seeing that Salon is unabashedly liberal. But next time you skim the internet for links to support your posts, you might want to look into them a bit more.
05-14-2014 12:53 PM
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thewake Offline
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Capital in the Twenty-First Century

When I say they love him, I didn't mean they agreed with him unabashedly. They largely agree with his inequality premise.

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05-14-2014 02:49 PM
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Trar Away
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Capital in the Twenty-First Century

That describes the vast majority of liberals on the internet, including myself.
(This post was last modified: 05-15-2014 02:44 AM by Trar.)
05-15-2014 02:44 AM
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thewake Offline
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RE: Capital in the Twenty-First Century

That's why said liberals have been giving the book such a great amount of publicity. It's the same ole schtick that gets 'em clapping.

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05-15-2014 07:02 AM
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Trar Away
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Capital in the Twenty-First Century

I Must Enter A Username will back me up when I say that books like Piketty's have been released before, to much the same fanfare...and then humanity moved on. It's about time we actually acted on the advice of the turncoat economists.
05-16-2014 12:56 AM
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